Kurt Rogers - Nov 4, 2024 Form 4 Insider Report for STERICYCLE INC (SRCL)

Role
EVP & GENERAL COUNSEL
Signature
/s/ Stuart Funderburg, Attorney-in-Fact
Stock symbol
SRCL
Transactions as of
Nov 4, 2024
Transactions value $
-$5,496,920
Form type
4
Date filed
11/4/2024, 05:04 PM
Previous filing
Mar 19, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRCL Common Stock Disposed to Issuer -$2.07M -33.4K -100% $62.00 0 Nov 4, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SRCL Restricted Stock Units Disposed to Issuer -$1.24M -19.9K -100% $62.00 0 Nov 4, 2024 Common Stock 19.9K Direct F2, F3
transaction SRCL Performance-Based Restricted Stock Units Disposed to Issuer -$2.19M -35.3K -100% $62.00 0 Nov 4, 2024 Common Stock 35.3K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kurt Rogers is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of June 3, 2024 (the "Merger Agreement"), by and among Stericycle, Inc. (the "Company"), Waste Management, Inc. and Stag Merger Sub Inc., at the effective time (the "Effective Time") of the merger of Stag Merger Sub Inc. with and into the Company, which Effective Time occurred on November 4, 2024, each outstanding share of Company common stock was converted into the right to receive $62.00 per share in cash, without interest.
F2 Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock.
F3 Represents unvested RSUs that, pursuant to the Merger Agreement, at the Effective Time, were canceled and converted into the right to receive (without interest) an amount in cash equal to the number of RSUs multiplied by $62.00.
F4 Each performance-based restricted stock unit ("PRSU") represents the right to receive, at settlement, one share of common stock.
F5 Represents PRSUs with performance periods that had not ended prior to the Effective Time. Pursuant to the Merger Agreement, at the Effective Time, these PRSUs were canceled and converted into the right to receive (without interest) an amount in cash equal to the target number of PRSUs multiplied by $62.00.